KLX Energy Services (KLXE) to Release Quarterly Earnings on Wednesday

KLX Energy Services (NASDAQ:KLXE) is set to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.72) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

KLX Energy Services (NASDAQ:KLXE) last released its earnings results on Tuesday, May 7th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.53). The firm had revenue of $174.70 million during the quarter, compared to the consensus estimate of $181.60 million. KLX Energy Services had a negative return on equity of 20.39% and a negative net margin of 1.51%. On average, analysts expect KLX Energy Services to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

KLX Energy Services Trading Up 1.9 %

NASDAQ:KLXE traded up $0.11 during mid-day trading on Tuesday, hitting $5.77. 54,062 shares of the stock traded hands, compared to its average volume of 191,258. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 18.83. KLX Energy Services has a 52 week low of $4.18 and a 52 week high of $13.42. The stock has a market capitalization of $97.34 million, a price-to-earnings ratio of -7.26 and a beta of 2.04. The firm’s 50 day moving average is $5.25 and its two-hundred day moving average is $6.84.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price target on KLX Energy Services from $6.50 to $4.50 and set a “neutral” rating on the stock in a report on Monday, July 15th.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.